Finance your house when interest rates hike

Posted by Leon Le on September 9th, 2022

How do you finance your home when interest rates hike?

Since March 2022, the Federal Reserve (FED) has already increased its benchmark interest rate by 2.25 percentage points. FED actions impact mortgage rates. It's time for homebuyers and homeowners to look for other financing options besides the conventional fixed-rate mortgage loan.

Adjustable-rate mortgages

More and more purchasers are considering adjusting-rate mortgages (ARM) to fund their home purchases as ARM rates are typically lower than fixed rates. You can benefit from a cheaper ARM mortgage rate in two ways – either purchasing a home for the same amount as originally planned while paying a lower monthly mortgage or buying a more expensive home while keeping your monthly payment…

465 Views, 0 Comments